Page:United States Statutes at Large Volume 61 Part 4.djvu/539

 61 STAT.] PERU-COOPERATIVE EDUCATION- Apr.301.4. , 1944 Jan. 30, Apr. 30, 1945 S.C .P .N .E., as called for in the Basic Contract, should be modified and tccellerated in the following manner: A. The Peruvian Government agrees to contribute to the S.C .P.N .E ., during the calendar year beginning January 1, 1945 and ending December 31, 1945, the equivalent in Soles of $57,333.34, U.S. Dollars, calculated at the rate of 6.485 Soles per U.S. Dollar, being the sum of Soles 371,806.67. This was the total amount which the Peruvian Government had agreed on the Basic Contract to contribute to the S.C.P .N .E. on June 4, 1944 and April 3, 1945. It was further agreed that this sum should be paid in monthly installments of Soles 30,- 983.88 during each month of the said calendar year. B. At the same time the Foundation agreed to modify and acceller- ate its payments under the Basic Contract by granting to the S.C.P .N.E. during the calendar year beginning January 1, 1945 and ending December 31, 1945, the sum of $27,800.00, U.S. Dollars. This was the total of the amounts which theFoundation had agreed to grant to the S.C.P .N .E. in accordance with the Basic Contract on June 4, 1944 and April 3, 1945. C. However, it was stipulated that of the $27,800.00, U.S. Dollars, which the Foundation agreed to make available under this new arrangement, the Foundation should withhold in Washington the sum of $25,483.33, U.S. Dollars, for the purpose of paying expenses of the Servicio which might be contracted in Dollars; and that the Foundation should deposit to the account of the S.C.P .N .E. in Peru the sum of $2,316.67, U.S. Dollars. D. It was further agreed that the official depositary of the funds of the S.C .P .N .E. in Lima, Peri should be in the Lima Branch of The National City Bank of New York. Clause V The Agreement referred to in Clause IV hereof was embodied in part in paragraphs 1 and 2 of Supplementary Agreement No. 1, dated January 30, 1945, entered into in Lima, Perd between Ing° Enrique Laroza, as Minister of Public Education, and Dr. Reginald C. Reindorp as Director of the S.C.P .N.E. Clause VI For the purpose of clarifying Supplementary Agreement No. 1 and setting out in writing the full scope of the new arrangement referred to in Clause IV hereof, the undersigned herewith agree that: A. Paragraphs 1 and 2 of Supplementary Agreement No. 1 shall be replaced and superseded by this Agreement. B. The Government of Perd shall deposit to the account of the S.C .P .N .E. during the calendar year 1945, in the Lima Branch of The National City Bank of New York the equivalent in Soles of $57,333.34, U.S. Dollars, calculated at the rate of exchange of 6.485 Soles per U.S. Dollar, namely, the sum of Soles 371,806.67, as follows: 3887 Official depositary in Lima. Ante, p. 3885. Ate, p. 3886. Peruvian deposit.

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